Settings8H · net · $10k
Funding arb · Price arb /

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0452%/8h= +49.5% APRpaid last 24h +0.301%
Price spread now: OKX against Coinbase International+0.118%7-day average +0.026% · you sell dearer than you buy
Net, funding: paid 7d − costs−$7as in the Funding arb table
Net, price: spread back to 7d avg − costs−$69as in the Price arb table
costs, in and out, $10k−$780.780% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.714%+$71 on $10k
Price spread, last 4 days (all we have)−0.345%−$35 · spread now +0.118%, 7d avg +0.026%
Together, before fees+0.369%+$37 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and OKX is 0.093% dearer against Coinbase International than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.026%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International LDO-PERP-INTX0.4227−0.0352get 0.0044% / 1h7m 49s$118K$41K50x
ShortOKX LDO-USDT-SWAP0.42320.0100get 0.0100% / 8h3h 07m$4.0M$6.7M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX against Coinbase International. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$94.92
Price spread: +0.118% → +0.026%
$9.26
Slippage, 4 orders
−$57.99
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee OKX: 5 bp × 2 orders
−$10
Net
$26.18
Costs to cover
0.780%
Break-even
5.1 days
Slippage from Coinbase International: live order book, 45 min ago; OKX: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Coinbase International live order book, 45 min ago16.32 bp23.6 bp −$24doesn't fitdoesn't fitdoesn't fit
Sell OKX live order book, 5 min ago1.18 bp16.0 bp −$1648.0 bp −$480doesn't fitdoesn't fit

LDO on 29 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International LDO-PERP-INTXlong−0.0352%1h0.4227long leg$118K$41K50x
dYdX LDO-USD0.0000%1h0.4225−0.042%$82K$5K5xas long as short
Injective LDO/USDC PERP+0.0033%1h0.4110−2.768%$4K$1312xas long as short
BloFin LDO-USDT+0.0086%8h0.4231+0.095%$686K$254K75xas long as short
Paradex LDO-USD-PERP+0.0100%8h0.4224−0.067%$3K20xas long as short
Hyperliquid LDO+0.0100%1h0.4236+0.211%$11.5M$3.1M5xas long as short
Aster LDOUSDT+0.0100%8h0.4231+0.100%$166K$93K10xas long as short
Pacifica LDO+0.0100%1h0.4226−0.014%$108K$27K10xas long as short
Binance LDOUSDT+0.0100%8h0.4232+0.113%$17.8M$30.8M75xas long as short
Bybit LDOUSDT+0.0100%8h0.4230+0.071%$16.0M$10.1M50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX LDO-USDT-SWAPshort+0.0100%8h0.4232+0.118%$4.0M$6.7M50x
Gate LDO_USDT+0.0100%8h0.4225−0.047%$1.4M$1.1M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4230+0.071%$7.5M$6.3M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4231+0.095%$2.7M$3.6M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4230+0.071%$3.2M$3.2M75xas long as short
BingX LDO-USDT+0.0100%8h0.4233+0.142%$10.0Mas long as short
Backpack LDO_USDC_PERP+0.0100%1h0.4232+0.121%$90K$178K10xas long as short
Variational Omni LDO+0.0100%8h0.4235+0.183%$199K$60Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4246+0.443%$302K$3.4M10xas long as short
ApeX Omni LDOUSDT+0.0100%1h0.4250+0.544%$32K$640K50xas long as short
Polymarket Perps LDO-USD+0.0100%1h0.4231+0.099%$64K$297K5xas long as short
SunX LDO-USDT+0.0100%8h0.4328+2.389%$1K$1.2M20xas long as short
Extended LDO-USD+0.0104%1h0.4230+0.062%$254K$1.2M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4231+0.106%$37K3xas long as short
Deribit LDO_USDC-PERPETUAL+0.0223%1h0.4231+0.095%$7K$20K25xas long as short
GMX LDO/USD [ETH-USDC]L +0.0318% / S −0.0201%1h0.4231+0.093%$23K100xas long as short
Reya LDORUSDPERP+0.0342%1h0.4228+0.013%$295K15xas long as short
Kraken Futures PF_LDOUSD+0.0397%1h0.4235+0.184%$1.1M$658K50xas long as short
Lighter LDO+0.0440%1h0.4243+0.374%$853K$270K10xas long as short